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boehner's already said he put revenue on the table. read the bob woodward book, the price of politics. it showed that boehner went much further than any republican has been willing to go when it comes to revenue and funding the government. the second issue when it comes to president obama saying we want to return back to the clinton era rates, it wasn't the rates that netted government revenue. it was unprecedented economic growth in the tech bubble. so the brilliance of this -- >> and no war. >> well, that's -- that's the rate question. the income to government. spending side of the equation. if we simply return back to the spending rates as a percentage of our economy of the clinton era, this thing would be fixed like that. >> that's what we keep hearing. anyway, representative, good to have you on the program. >> thanks for having me. >> can't wait to hear what the traders have to say about this. "fast money halftime report" with scott wapner and the crew begins right now. >>> all right, brian and thanks so much. welcome to "halftim
boehner's already said he put revenue on the table. read the bob woodward book, the price of politics. it showed that boehner went much further than any republican has been willing to go when it comes to revenue and funding the government. the second issue when it comes to president obama saying we want to return back to the clinton era rates, it wasn't the rates that netted government revenue. it was unprecedented economic growth in the tech bubble. so the brilliance of this -- >> and no...
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Dec 7, 2012
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you heard boehner there saying the president has wasted a week here. but behind the scenes, aides did give us some indication they'll continue to talk through the weekend so i think what's going on here is you're seeing the public blast of ret lick but behind the scenes they are talking to each other. i think the talks are fair le well coordinated. you can tell that by how tightly the white house and boehner camp on the press side have coordinated their rollouts of what they've said about these talks. they're within minutes of each other, using the same language. that's an indication talks are sort of going along here. it is not an indication we will have a deal any time soon but there's no reason to give up hope just now, you guys. we won't. >> i think our "rise above" pins should be bigger. >>> 146,000 jobs were added in november. there is consensus out there that this is a good number. it was much higher than expectations. the problem is why were our expectations so low? let us bring in the chief economist for north america at b and b perrybaugh. ju
you heard boehner there saying the president has wasted a week here. but behind the scenes, aides did give us some indication they'll continue to talk through the weekend so i think what's going on here is you're seeing the public blast of ret lick but behind the scenes they are talking to each other. i think the talks are fair le well coordinated. you can tell that by how tightly the white house and boehner camp on the press side have coordinated their rollouts of what they've said about these...
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we have a bright side yesterday when john boehner came here to the white house. house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are better. i think that's what's key. >> part of that tango is republicans cracking on tax rates. that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, entitlement, spending cuts, to tell their members we got a good deal. >> john, i find it curious to find that president spent as much time as he has on the road trying to drum up support for this
we have a bright side yesterday when john boehner came here to the white house. house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you...
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Dec 6, 2012
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boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner is trying to warn conservatives about going against any kind of deal he cuts with the white house. so as a warning, boehner is saying i'm going to boot you off your committee if you go against something i do. a lot of conservatives don't like it when he plays hardball. they're going to continue to fight back just like senator demint is doing right now. >> but he's also going to lose some votes on the moderate side. a couple dozen republican house members signed a bipartisan letter that says let's look at all kinds of tax rates, not just the deduction, but tax rates in r
boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner...
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Dec 13, 2012
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boehner and reid in washington. do you think that's having any impact on the type of people who buy your products? >> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our business is, it's a relatively low barriers to entry. consumers can buy the luxury of our beauty for $17, $18, $25, $30. this is not a huge investment. and so we're finding a lot of consumers are finding their way into beauty because they don't want to spend $1,000, $2,000 or $3,000 on very luxurious, larger items like a handbag or a new car, for example. so beauty has its frequency shoppers. but that being said, overall, if the consumer is not certain she has the disposal income, perhaps she holds back a little bit. >> sir, one of my
boehner and reid in washington. do you think that's having any impact on the type of people who buy your products? >> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our...
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boehner he can't ignore the american people forever. so there they have it. live to capitol hill with one on one interview with representative maxine waters when we come back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ that makes watching tv even better. if your tv were a hot dog, zeebox would be some sort of fancy, french mustard. just like
boehner he can't ignore the american people forever. so there they have it. live to capitol hill with one on one interview with representative maxine waters when we come back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [...
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that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is q rea this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> is the u.s. consumer in trouble? the front page on this morning's "wall street journal" says yes. but are holiday sales and shipping proving otherwise? courtney reag
that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer...
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Dec 13, 2012
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but that not true among the rank and file and therefore john boehner and leadership haven't been able to take that position and that is kind of stuck right now. >> joe, it is brian. i know you talk to those folks off the record as well. ip get it. a this point the president's plan can only be viewed as punitive. the money raised is about a fourth of what medicare alone wastes through fraudulent spending in a year. everyone understanding basic math knows it won't make a difference for anything. it is already spent with the post office and fha bailout. does the white house privately acknowledge this point? do they understand how big the deficit is verse thus small amount of money? >> of course they understand it. i don't accept what you just said, ryan. >> you can't debate math. >> well, you called it punitive. and i -- >> i i'm just wondering if that's what it is at this point? >> i don't think it is. look, the white house negotiated a deal with republicans last year to cut a trillion dollars out of discretionary spending. they are looking for a $4 trillion deal. that's one-fourth of t
but that not true among the rank and file and therefore john boehner and leadership haven't been able to take that position and that is kind of stuck right now. >> joe, it is brian. i know you talk to those folks off the record as well. ip get it. a this point the president's plan can only be viewed as punitive. the money raised is about a fourth of what medicare alone wastes through fraudulent spending in a year. everyone understanding basic math knows it won't make a difference for...
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boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on this third term that he has figured out a way to have. he's a publisher. he's a 15th richest guy -- most powerful guy on our list, one of the richest men in the world. >> and a quick thought on ilan musk -- we've heard his name but he doesn't get a lot of attention. why is he in the top 70? >> when you think about the entrepreneurial ethos that forbes tries to represent, the people, places and companies that we try to describe an entrepreneurs in particular, here's a guy who founded paypal. here's a guy who's at the front of the tesla automobile. he's now moving cargo through space. filling the void that nasa has left. >> it's like watch what he does zblep's going to be the railroa
boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on this third term that he has figured out a way to have. he's a publisher. he's a 15th richest guy -- most powerful guy on our...
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Dec 6, 2012
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. >> well we've heard from just about everybody in town except for speaker boehner. scott it feels like we're getting some deal making behind the scenes and i'll tell you why it feels that way. we were told that yesterday speaker boehner and president obama held a phone call, it was said to be about 20, 28 minutes in length but neither side has leaked what happened on that phone call. the house republicans are not leaking, the white house just within the past hour said it's not going to tell reporters what was discussed, that's probably an encouraging sign that negotiations are taking place. last week we saw that they had a proposal and immediately house republicans leaked the white house proposal and then republicans went out of their way to say they were laughing at that proposal, now they're not leaking, that's probably a sign of some real deal making but nonetheless harry reid the senate democratic leader was on the floor within the past hour or so and he kept the pressure up on republicans. take a listen. >> the plan for the republicans to face reality, there's
. >> well we've heard from just about everybody in town except for speaker boehner. scott it feels like we're getting some deal making behind the scenes and i'll tell you why it feels that way. we were told that yesterday speaker boehner and president obama held a phone call, it was said to be about 20, 28 minutes in length but neither side has leaked what happened on that phone call. the house republicans are not leaking, the white house just within the past hour said it's not going to...
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Dec 12, 2012
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speaker john boehner is pushing the president to offer spending cuts. so with 20 days to grow, is this likely? am i going to be proven right or whong? larry, we are going to avoid the fiscal cliff resection. the white house is acting with impunity right now. and the white house is so far said look, we want to continue talking about one quarter of the president's own architecture. the president said there was a three to one ratio between savings and cuts and revenue. but they have been silent on this. >> little bit of breaking news. >> wow, the studio is shaking. mr. bhoener is at $800 million. no new information on then ti e ti tiltment. i'm suggesting. it is a game of chicken. neither party can afford this kind of recession. after what we've been through we can't take it. if that meanstending the tax cuts so be it. let me accept your premise. but i have to pile on more. something that is worse is a debt crisis. if you have a white house that is committed from going from $16 trillion in debt which is where the obama administration would lead us. what do
speaker john boehner is pushing the president to offer spending cuts. so with 20 days to grow, is this likely? am i going to be proven right or whong? larry, we are going to avoid the fiscal cliff resection. the white house is acting with impunity right now. and the white house is so far said look, we want to continue talking about one quarter of the president's own architecture. the president said there was a three to one ratio between savings and cuts and revenue. but they have been silent on...
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john, how did this private and personal meeting between john boehner and the president over the weekend go? do we know? >> we don't know. the white house and speaker's office are both being very disciplined about not disclosing content of the meeting. but i think we can take encouragement from the fact that it took place. this there is some progress an prospect of further progress being made. public and private gain, as you indicated. going to washington to keep pressure on republicans. he believes that is what worked for him ever since the grand bargain talks collapsed in summer of 2011. he campaigned, won reelection. he sees signs of republican cracks in unity about tax rates. bob corker was on our air earlier today, senator from tennessee and said tax rates ought to go up, then we fight about entitlement accounts and the debt limit. i think that's where we are. one thing we need to see from the white house is some sign of what they are willing to give speaker bainer to bring his caucus along on tax rates in terms of entitlement reforms. can't be for nothing. boehner has to be able to
john, how did this private and personal meeting between john boehner and the president over the weekend go? do we know? >> we don't know. the white house and speaker's office are both being very disciplined about not disclosing content of the meeting. but i think we can take encouragement from the fact that it took place. this there is some progress an prospect of further progress being made. public and private gain, as you indicated. going to washington to keep pressure on republicans....
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Dec 11, 2012
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not boehner. and the president went back and tried to jam boehner, because he thought there was division in the ranks. so one of the challenges that boehner or mitch mcconnell has is you need to be one voice as the president's one voice but you have a lot of members. >> what about hedge funds? don't raise the rates, just make them pay the rates. make them pay ordinary income. i'm always surprised, you convert ordinary income rates to capital gains, that's not what people do. just pay ordinary, right? you agree to that. they don't have to raise the rates. >> did you readed article that harvard is the hedge fund that has the university on the side? >> i don't know. >> $27 billion hedge fund. >> you agree with me they ought to switch the rate with ordinary income. >> i'm not -- look, it's a tax increase but you can offset it by tax cuts elsewhere. you could do tax reform in such a way that long as it doesn't net money to the government. if the government sees additional cash they go, oh, and they dro
not boehner. and the president went back and tried to jam boehner, because he thought there was division in the ranks. so one of the challenges that boehner or mitch mcconnell has is you need to be one voice as the president's one voice but you have a lot of members. >> what about hedge funds? don't raise the rates, just make them pay the rates. make them pay ordinary income. i'm always surprised, you convert ordinary income rates to capital gains, that's not what people do. just pay...
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more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get a freebie is just crazy. >> california at 52%, new york and other places -- >> when you add up all the state and local taxes. hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she had
more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get...
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there is the possible, some people are saying, look, if speaker boehner does not agree to something, the republican conference that they lie, he is out. a group downtown is very upset at him and sorry groups, as well, but it take as lot to kick speaker boehner out. the best thing he has going for him, his leadership is four square behind him. that wasn't necessarily the case last year. there were tensions between the staff with the majority leader and he is now on board, and the whip is on board, and, more importantly, paul ryan, is on board and he is part of the meet ing. >>neil: thank you very much. our work is not done, but we will be there to help the country out. thank you, chad. in the meantime, santa, santa, santa is getting into the spending act. say it ain't. >> we have a special guest would needs absolutely no introduction. i would like everyone to welcome santa. [ applause ] twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blo
there is the possible, some people are saying, look, if speaker boehner does not agree to something, the republican conference that they lie, he is out. a group downtown is very upset at him and sorry groups, as well, but it take as lot to kick speaker boehner out. the best thing he has going for him, his leadership is four square behind him. that wasn't necessarily the case last year. there were tensions between the staff with the majority leader and he is now on board, and the whip is on...
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you mentioned boehner speaking at the top of the hour. in the past few moments the obama 2012 campaign staff has tweeted the following. if your taxes go up, republicans will have made a conscious choice to let that happen. we have no way of knowing if this is somehow related to what the speaker may say in 20 minutes' time. might just be yet another echo of an existing talking point. that's going to be one more tea leaf to read in the next half hour. >>> when we come back, delta air lines buying a 49% stake in virgin atlantic today. we'll talk to the ceo about the deal and what it means for the airline's future after the break. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico
you mentioned boehner speaking at the top of the hour. in the past few moments the obama 2012 campaign staff has tweeted the following. if your taxes go up, republicans will have made a conscious choice to let that happen. we have no way of knowing if this is somehow related to what the speaker may say in 20 minutes' time. might just be yet another echo of an existing talking point. that's going to be one more tea leaf to read in the next half hour. >>> when we come back, delta air...
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the question is going to be what does the white house give john boehner, offer john boehner in terms of entitlement cuts that he can use to bring along his caucus? it's pretty clear from the cracks in republican ranks, becky, that republicans are going to give ground on tax rates for some group of wealthier americans, maybe half million dollar incomes, maybe million dollar incomes. but boehner to the speaker to bring along his caucus has to say here are the spending concessions that i want and i think that's what this set of conversations is about. >> john, it was interesting to hear it from senator corker saying, yeah, we should hold the fight on spending. you about he did it on the assumption that you're going to have this debt ceiling crisis that comes up again and these concessions that come up in i guess february. the president in his initial offer laid out something that he had to say the debt ceiling would be part of that, too. would he have back down and say we could have this conversation again in six weeks? >> that's a really hard issue. he said in the same definitive rates
the question is going to be what does the white house give john boehner, offer john boehner in terms of entitlement cuts that he can use to bring along his caucus? it's pretty clear from the cracks in republican ranks, becky, that republicans are going to give ground on tax rates for some group of wealthier americans, maybe half million dollar incomes, maybe million dollar incomes. but boehner to the speaker to bring along his caucus has to say here are the spending concessions that i want and...
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now, this may well present a problem for john boehner's caucus, because john boehner sent a letter to the president this week with his own plan, which advocates what just might be the least popular policy in american politics. okay, maybe that's hyperbole. but just be a tiny bit, i mean, mandatory gay marriage, in which every single married straight person had to immediately divorce their spouse, and accept a state-assigned same-gender spouse to replace them would probably be more popular than what john boehner proposed this week. what bjorn baijohn boehner is a is making medicare available to fewer americans. as it happens, there is brand-new polling out today on how americans feel about the idea of congress using these deficit negotiations to make cuts to medicare.ç 79% of americans say they do not want congress to touch medicare in these deficit negotiations. 79%. if you want to get specific about john boehner's proposal, what he wants to do to medicare is to raise the eligibility age from 65 to 67. and as it turns out, there is also recent polling on that specific proposal. and
now, this may well present a problem for john boehner's caucus, because john boehner sent a letter to the president this week with his own plan, which advocates what just might be the least popular policy in american politics. okay, maybe that's hyperbole. but just be a tiny bit, i mean, mandatory gay marriage, in which every single married straight person had to immediately divorce their spouse, and accept a state-assigned same-gender spouse to replace them would probably be more popular than...
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comments are very interesting around boehner taking those actions around tea party members in the house. that's substantial. i think at the end of the day it will all come down to means testing. means testing on dividends, means testing on medicare, means testing on social security. that's the way they come to agreement. if you add up all the means testing moves on social security an medicare, that gets but $800 million right there. >> what's the cliff doing to gold? gold's been obviously an interesting trade over the last several sessions. it's been down $30 or so a couple different times. cliff related or something else going on? >> i think it's definitely more economically related. if you look over the last year, take morgan stanley five-year cds versus gold. every time we've had a rise in systemic risk, gold has fallen. over the last month or so, the financial cds, big banks of the united states, that's improved. so there's less global systemic risk, less lehman like risk. but gold has been acting poorly along with oil. so a lot of the economically sensitive under -- indicators are
comments are very interesting around boehner taking those actions around tea party members in the house. that's substantial. i think at the end of the day it will all come down to means testing. means testing on dividends, means testing on medicare, means testing on social security. that's the way they come to agreement. if you add up all the means testing moves on social security an medicare, that gets but $800 million right there. >> what's the cliff doing to gold? gold's been obviously...
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boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off. american families will be much better off if we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1. and i'm pretty confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction -- are you going to be able to raise taxes, yes or no? >> oh -- taxes are going to go up one way or the other. >> they are? >> i think the key is to make sure that taxes go up on high-end individuals like you and me, barbara. we can afford it. >> you can see the rest of tha
boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off....
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but the president needs john boehner more than john boehner needs the president. >> does the speaker have enough votes inside his caucus to agree to some kind of tax rate hike in the upper echelons of society, does he have enough votes that he can put together with whatever nancy pelosi can stir up and pass it? >> i'm not sure there's support for rate hike, there is support for the revenue by cleaning up the tax code. >> isn't there $800 billion of collected revenue still a tax hike? >> this has been part of the debate for years. looking at cleaning up the code. and candy, getting in there and -- there are so many ways you can do it. maybe you want to cap total deductions, maybe you want to look at some of these tax credits and clean this code up. dave campus p dave's camp has put an incredible amount of time on this. it is the time, this is the opportunity to clean that code up. >> if we don't act before the end of the year, taxes go up for everybody, not for 2%, and it's a lot more than $800 billion. there's a big difference between a temporary tax cut that goes out than's proactiv
but the president needs john boehner more than john boehner needs the president. >> does the speaker have enough votes inside his caucus to agree to some kind of tax rate hike in the upper echelons of society, does he have enough votes that he can put together with whatever nancy pelosi can stir up and pass it? >> i'm not sure there's support for rate hike, there is support for the revenue by cleaning up the tax code. >> isn't there $800 billion of collected revenue still a...
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boehner's emboldened by that support. but also you know i think they've been swashbuckling insofar as keeping the raucous members or purging them from committee chairs. >> there's definitely been a new message which is that john boehner's the boss and we're not going to deal with insubordination. if you look at that offer, people are saying it's boehner's offer. it's signed by eric cantor. >> and paul wrien. >>> and paul ryan. any leader who the rebels, shall we say, within the republican conference could have, is now aligned with wehner completely. strengths his hand. he's the sole negotiate, whatever he gets from president obama will be the rule of law. and i think what's really emboldened boehner, ironically, mitt romney's loss. it's this idea that john boehner's survived, he's the one who came through. we were able to keep the house. he does get a lot of credit for that among house republican circles, they were able to keep the house. people think -- >> he raised something like 100 million dollars. >> he's the kingmak
boehner's emboldened by that support. but also you know i think they've been swashbuckling insofar as keeping the raucous members or purging them from committee chairs. >> there's definitely been a new message which is that john boehner's the boss and we're not going to deal with insubordination. if you look at that offer, people are saying it's boehner's offer. it's signed by eric cantor. >> and paul wrien. >>> and paul ryan. any leader who the rebels, shall we say, within...
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they are part of boehner's strategy team? in the meantime, the white house is hitting back at boehner and the gop tactics. >> a question of whether or not we have specific spending cuts, the answer is we have. i understand they may not agree with all of it. but it exists. >> i'm joined by illinois congresswoman january schakowsky joining us tonight. congresswoman, good to have you with us. >> thanks, ed. >> harry reid now says it's going to be awful hard to reach a deal by christmas. where is this all heading, in your opinion? >> the republicans are in total disarray. i think john boehner went to the floor today to encourage his -- or to placate his tea party people saying the real answer is in more cuts and the president has to be clear about the cuts, which as you said, and pointed out, that we have been very explicit about that. i think it's going to be very hard for us at the end of the day and the end of the day is december 31, to come up with a final deal. and i think it only gets worse for the republicans. look, they w
they are part of boehner's strategy team? in the meantime, the white house is hitting back at boehner and the gop tactics. >> a question of whether or not we have specific spending cuts, the answer is we have. i understand they may not agree with all of it. but it exists. >> i'm joined by illinois congresswoman january schakowsky joining us tonight. congresswoman, good to have you with us. >> thanks, ed. >> harry reid now says it's going to be awful hard to reach a deal...
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look, boehner has, right now, a few cards that he can play. he wants to quiet the noise on his side. you talk about the joint references. why is he always saying what he's saying publicly. that's just to make sure that people know that, look, this is still important for us. but he gets inside the room. you even eluded to that movement. >> you're laying out what you think republicans can give. what do you think the democrats, the moderates, the progress ifrs really want to see on the other side? do they want to see the rate change for the rich? above 250, 300, 400? do they want to say before you take a piece out of me, you've got to take a piece out of them. >> i think the 250 above is really important 679 i'll fell you why that is. it's because if you look at who got hurt the most in the downturn, it was the 98%, right? the very rich, the wealthiest in this country did pretty well. they did well even as the rest of the country has fallen often the cliff. so the idea that you're going to make it a little more progressive, even if later on you d
look, boehner has, right now, a few cards that he can play. he wants to quiet the noise on his side. you talk about the joint references. why is he always saying what he's saying publicly. that's just to make sure that people know that, look, this is still important for us. but he gets inside the room. you even eluded to that movement. >> you're laying out what you think republicans can give. what do you think the democrats, the moderates, the progress ifrs really want to see on the other...
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it's magic beans and ferry dust. >> john boehner's heavy-handed approach to leadership, boehner and the republican steering committee kicked four republican congressmen out of their committee seats for voting against party leadership in the past. but boehner finds himself in an increasingly weak position. senate minority leader mitch mcconnell refused to take a position on boehner's debt plan today. >> i have no particular observation other than i commend the house leadership for trying to move. the process along and getting to a point where hopefully we can have a real discussion. >> house democrats are cranking up the pressure. tim walsh of minnesota introduced a discharge petition on the middle class tax cuts in the house. if it gets 218 signatures, it would get a floor vote before the end of the month. >> this is an issue that we all agree on. >> democratic leader nancy pelosi announced a plan for the discharge petition last week. the petition keeps the focus on extending tax cuts for 98% of americans. i spoke to leader pelosi late this afternoon about the strategy and the latest de
it's magic beans and ferry dust. >> john boehner's heavy-handed approach to leadership, boehner and the republican steering committee kicked four republican congressmen out of their committee seats for voting against party leadership in the past. but boehner finds himself in an increasingly weak position. senate minority leader mitch mcconnell refused to take a position on boehner's debt plan today. >> i have no particular observation other than i commend the house leadership for...
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maybe the democrats ought to tell john boehner, you know what? 39.6% looks pretty good right now, because after the first of the year we're going for 42%. make boehner come to the table, and make him come squealing to the table saying you can't go to 42%. oh, yes we can, because there is enough progressives in the house that would band together and say you know what? we need to go beyond, because we've got some real fiscal problems in this country. and we can go to the wealthiest americans and get a hell of a lot more than the old rates under bill clinton. why not go to 42%? why not go to 45% for people who make over $10 million a year? i mean, do we really want to solve this? do we really want sacrifice? or do we just want to take our toe and put it in the lake and see if it's still cold out? come on, folks. these lawmakers in washington need some pressure put on them. we need to go higher than 39.6%. we need to go to at least 42% for the wealthiest americans making over a million dollars a year and tell bain their is the way it's going to be, o
maybe the democrats ought to tell john boehner, you know what? 39.6% looks pretty good right now, because after the first of the year we're going for 42%. make boehner come to the table, and make him come squealing to the table saying you can't go to 42%. oh, yes we can, because there is enough progressives in the house that would band together and say you know what? we need to go beyond, because we've got some real fiscal problems in this country. and we can go to the wealthiest americans and...
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and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff.; @&h(lc% this is a lucy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718 billion of savings in medicare that was part of the health care provisions to extend the life of medicare, and then ran against it, as being something that was stealing money from medicare. so it's not even just a matter of putting those ideas on the table, but willing to be consistent about it. but i think what you see right now from the white house is a deadly seriousness about this balance of getting our fiscal house in order, but also making sure we make the investments in the middle class to grow, and they're looking for a partner here. they've got to have a partner who's willing to put some facts
and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff.; @&h(lc% this is a lucy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718 billion of savings in medicare that was part of...
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. >> i believe that speaker boehner is on the right track. the president has not come uptown now, been deeply involved, that we know about , in any of these offers are counteroffers. dealers said he has been campaigning to meet. but he has to get involved if he wants to avoid the fiscal cliff. i think that the speaker has indicated that he will try to engage in, try to meet him and try to avoid the fiscal cleft that the presiient is going to continue to say it is my way or the highway, that is another game. gerri: it is. harry reid today saying that the game is at chess game, and the republicans are the jets. here is harry reid. >> he has a problem. he has three quarterbacks. he cannot decide who the quarterback is going to be. that is the same problem republicans are having. romney is gone, but he is still in the background. we have mcconnell and boehner. who is the quarterback, mr. president? gerri: what do you make of that analogy? >> well, that is a football analogy. we'll do that from time to time, but the reality is the speaker of the h
. >> i believe that speaker boehner is on the right track. the president has not come uptown now, been deeply involved, that we know about , in any of these offers are counteroffers. dealers said he has been campaigning to meet. but he has to get involved if he wants to avoid the fiscal cliff. i think that the speaker has indicated that he will try to engage in, try to meet him and try to avoid the fiscal cleft that the presiient is going to continue to say it is my way or the highway,...
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the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former alaska governor sarah palin blasting boehner's decision to remove some conservatives from plum house committee assignments writing, come on now, gop. don't go wobbly on us. congressman jim jordan, an influential group of conservatives criticized the boehner plan. >> the problem i have with the republican proposal, frankly, is that it does raise taxes. the thing we need is economic growth. you're not going to grow the economy, put in place a framework conducive to job creation if you're raising ta s taxes. >> oklahoma senator tom coburn said conservative criticis
the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former...
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boehner handed over his sword. it's clear the republicans with all the desense among them are ready to raise rates. that's probably going to happen. that's really a rubycon they have to do it raising the eligibility age for medicare, changing the cost of living adjustment means testing. they get nothing. they cannot accept higher rates. if they get something from the president, which he is withholding now, i think that will give them a way to at least honorably hand over a sword but walk out still dressed. >> with their trousers? >> yes. >> that is it for a clothed panel. student for some things that make interviews more interesting than others on capitol hill. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12ears. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is goin
boehner handed over his sword. it's clear the republicans with all the desense among them are ready to raise rates. that's probably going to happen. that's really a rubycon they have to do it raising the eligibility age for medicare, changing the cost of living adjustment means testing. they get nothing. they cannot accept higher rates. if they get something from the president, which he is withholding now, i think that will give them a way to at least honorably hand over a sword but walk out...
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speaker boehner is not cooperating and telling us what was in it. >> i think until speaker boehner and the republicans agree to raise taxes on wealthiest folks there will be no deal, it will be a high stakes game of chicken during a lame duck session of congress, no other deals will get cut. >> john? >> the president campaigned on a balanced approach. a year or so ago, president was talking about 700 billion in taxes, now he doubled it a balanced approach, negotiation would mean you put both taxes and spending on the table. and specify, president is doing neither. this is a game of chicken, which i think is designed to go over the fiscal cliff, and pin the blame on the republicans, i understand why the president is doing it for political reasons but i don't think that the republicans have to surrender themselves in this game of chicken. lou: it seems the ultimatum, raise taxes on top 2%, why not let him eat to, it is his decision, go for it, if you don't want a mature, and intelligence, and responsible negotiation, you do not know who you are dealing with, it is called a constitutional
speaker boehner is not cooperating and telling us what was in it. >> i think until speaker boehner and the republicans agree to raise taxes on wealthiest folks there will be no deal, it will be a high stakes game of chicken during a lame duck session of congress, no other deals will get cut. >> john? >> the president campaigned on a balanced approach. a year or so ago, president was talking about 700 billion in taxes, now he doubled it a balanced approach, negotiation would...
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speaker boehner's $800 billion tax hike will destroy american jobs. the heritage foundation skewered the boehner counteroffer on its blog. at first blush, it appears little more than categorical preemptive capitulation. to be fair, the details of the republican proposal are extraordinarily vague to the extent it can be interpreted from the hazy details that it is utterly unacceptable. president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republicans are willing to close. and it is possible that we may be able to lower rates by broadening the base at that point. >> joining me here in washington are congressman tim walls, democrat from minnesota, and karen finney, the former dnc di
speaker boehner's $800 billion tax hike will destroy american jobs. the heritage foundation skewered the boehner counteroffer on its blog. at first blush, it appears little more than categorical preemptive capitulation. to be fair, the details of the republican proposal are extraordinarily vague to the extent it can be interpreted from the hazy details that it is utterly unacceptable. president obama said today there is a time and a place to discuss reforming the tax code. but that time is not...
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boehner's trying to mitigate that mess. i wish him luck. something's going to f to have to give. >> from everything i've heard is that we are realistically, there's two options for country. one, go over the cliff. the other, extend the bush tax cuts for the 98% of americans. everyone who makes under $200,000 a year if they're single. those seem to be the two choices. between those, which do you pick? >> but, if we do that and raise the taxes on those small businesses we were just talking about, according to the congressional budget office, that's going to be about 200,000 american families are going to be out of work next year and that's the low estimate. young is estimating about 700,000 more unemployed. that's a lot of hurt for the middle class, so this is a battle for the middle class even when we're talk iing about that upper bracket because of the enormous impact that has on small business job creators. >> okay. i mean, aside from that argument though, i'm really trying to just get at the process here. it seems that there isn't that mu
boehner's trying to mitigate that mess. i wish him luck. something's going to f to have to give. >> from everything i've heard is that we are realistically, there's two options for country. one, go over the cliff. the other, extend the bush tax cuts for the 98% of americans. everyone who makes under $200,000 a year if they're single. those seem to be the two choices. between those, which do you pick? >> but, if we do that and raise the taxes on those small businesses we were just...
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boehner. no details are announced tonight. some see as good news. the co-creator of a debt reduces plan sees progress. >> any time you two guys in that tangoing, you have a change to get done. >> reporter: before the talk, some republicans were admitting the president will get a lot of what he wants. >> let's face it, he has the upper hand on taxes. you have to pass something to keep that from happening. >> reporter: why the compromising words? the white house moderated some demands. the president say s tax rates fr the wealthy have to rise but now word that the actual rate could be negotiable. maybe not all the way back to 39.6%. >> will i accept a tax increase as a deal to solve problems? yes. >> reporter: those problem, according to republican, entitlement. and today, a leading democrat embraced the way to cut medicare cuts. means testing. those who make more would have to pay more for medicare. >> those of us with higher income in retirement should pay more. that could be part of a solution. >> reporter: the speaker feeling the heat from his rig
boehner. no details are announced tonight. some see as good news. the co-creator of a debt reduces plan sees progress. >> any time you two guys in that tangoing, you have a change to get done. >> reporter: before the talk, some republicans were admitting the president will get a lot of what he wants. >> let's face it, he has the upper hand on taxes. you have to pass something to keep that from happening. >> reporter: why the compromising words? the white house moderated...
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however, according to "the new york times," speaker boehner is enjoying broad support from within his own caucus. and yesterday boehner stuck to his guns favoring closing tax loopholes and capping deductions to raising taxes. >> now the revenues we're putting on the table are going to come from guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >> and new polling by the associated press could strengthen the president's hand in negotiations. 48% of americans say they support the idea of raising taxes on the highest earners. that's compared to 32% who say tax cuts should continue for everyone. >> well, hillary clinton says she insists that she wants to get out of politics. but a new poll shows that the majority of americans are hoping she has a change of heart. the latest abc news/"washington post" poll shows 50% of americans would vote for hillary clinton in 2016. 37% would oppose such a campaign. hillary clinton also has a s
however, according to "the new york times," speaker boehner is enjoying broad support from within his own caucus. and yesterday boehner stuck to his guns favoring closing tax loopholes and capping deductions to raising taxes. >> now the revenues we're putting on the table are going to come from guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates which we...
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if boehner knows -- this is smart. if boehner knows he has to give on the tax rate at the top, what does his party insist on getting in return? do you know? do you know? what do they want? >> i think that they get -- as i said on this show before, the deal has always been, here, we will give you the cuts in spending if you give us a tax increase. we get the tax increase. we never get the cuts in spending. i think they want a definitive -- >> what do they want for spending? 50/50? >> i don't know if it's 50/50? >> 10 to 1. >> let's not get sarcastic. >> 3 to 1. >> yeah. it's not a question mark -- >> i think it's 50/50. >> three to one? >> yeah. >> $3 in spending cuts for every $1 in revenue? >> at least, at least. >> that's crazy. they'll never get that. they won't get that, will they? >> no, the republicans have no leverage. the only people who haven't figured out they have no leverage is the republicans and the speaker. >> we don't they have leverage? >> all the president has to do is manage the markets. if he gives
if boehner knows -- this is smart. if boehner knows he has to give on the tax rate at the top, what does his party insist on getting in return? do you know? do you know? what do they want? >> i think that they get -- as i said on this show before, the deal has always been, here, we will give you the cuts in spending if you give us a tax increase. we get the tax increase. we never get the cuts in spending. i think they want a definitive -- >> what do they want for spending? 50/50?...
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president obama and john boehner are on a collision course. tonight i'll tell you who is going to be blink first. this is "the ed show." let's get to work. >> the leverage is going the shift to our side where hopefully we'll do the same thing we did last time. >> republicans reveal their fiscal cliff end game. give in on taxes and take the economy hostage again. congressman chris van hollen responds tonight. >>> somehow raising the medicare eligibility age is back in the fiscal cliff discussion. david cay johnston says it would be -- to do it, and he is here tonight. >> what we shouldn't be doing is try to take away your rights to bargain for better working conditions. >> in michigan, the president stands up for workers like he has never done before. >> these so-called right the work laws, they don't have to do with economics. they have everything to do with politics. >> tonight the president's big speech, and why the fight in michigan is an assault on workers everywhere. >>> plus, major news on a white house push for immigration reform. in 40
president obama and john boehner are on a collision course. tonight i'll tell you who is going to be blink first. this is "the ed show." let's get to work. >> the leverage is going the shift to our side where hopefully we'll do the same thing we did last time. >> republicans reveal their fiscal cliff end game. give in on taxes and take the economy hostage again. congressman chris van hollen responds tonight. >>> somehow raising the medicare eligibility age is back...
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i think boehner understands that. it's an issue if he can convince his conference. >> if the deal is middle class people get their tax cut continued, 2% of people don't get it. is that a good deal for the president or is that a tricky deal by the republicans? >> no -- >> puts off the fight over spending. >> he decouples tax rates which is what he's tried -- frankly, democrats have been trying to do this for eight years. this is an eight-year-long campaign to decouple the tax rates for the rich. so yes, i talked to a high-level aide today that said -- i said, if you don't get the big deal -- because right now we're basically that small deal, which would not be a small thing, doing that, but you might not get the large grand bargain that you hope for -- >> why wouldn't the republicans take cuts in entitlements, take cuts in general government spending as pa rt of a deal. >> they don't think -- the president hasn't outlined the cuts in entitlements. this is where the political gamesmanship goes on their side. they sit th
i think boehner understands that. it's an issue if he can convince his conference. >> if the deal is middle class people get their tax cut continued, 2% of people don't get it. is that a good deal for the president or is that a tricky deal by the republicans? >> no -- >> puts off the fight over spending. >> he decouples tax rates which is what he's tried -- frankly, democrats have been trying to do this for eight years. this is an eight-year-long campaign to decouple the...
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so it must come down to boehner's future. do you see more and more republicans starting to peel off in the house? will this pressure mount? >> absolutely. i think -- i think we're seeing an awful lot of republicans already folding privately. and i think that that's being reflected in the larger debate. i think we're going to see more of that. i mean, i'm very struck by -- the day after we had the sacred cows of the republican party -- i mean, there was a barbecue of the sacred cows. it was amazing. grover norquist, persona non grata. karl rove, completely unwelcomed in many corners in which he was star in the sun king. i think as people are feeling that, you're sensing that they really need to rethink in both short term and long term what kind of a republican party can they be? >> okay. donna gentile-o'donnell and michael eric dyson. professor, great to have you with us tonight. >>> there's a lot more coming up in the next half hour of "the ed show." stay tuned. >> we're not going to implement obama care in florida. >> we're
so it must come down to boehner's future. do you see more and more republicans starting to peel off in the house? will this pressure mount? >> absolutely. i think -- i think we're seeing an awful lot of republicans already folding privately. and i think that that's being reflected in the larger debate. i think we're going to see more of that. i mean, i'm very struck by -- the day after we had the sacred cows of the republican party -- i mean, there was a barbecue of the sacred cows. it...
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the president has had his picture with speaker boehner. but look, the important thing as you say is to get everybody together. now, the president's plan is very clear. he spells out exactly how he's going to get the revenue and he's very detailed about the cuts. what we would like to see is a similarly detailed plan from speaker boehner. as the president said, when you look at the revenue number they propose, for example, they don't tell you how they do the math. so in addition to being not enough revenue, not even as much revenue as is imbedded in the bipartisan simpson-bowles plan but in addition to not being enough, they don't tell you how to get it. when it comes to cuts, the president has also spelled out his cuts and it would be very useful if our republican colleagues would spell them out so we could see where they might match up and where they don't. >> congressman, thank you for joining me. >> thank you. thanks, piers. >>> coming up, a man familiar with washington battles that go down to the wire. former speaker newt gingrich who
the president has had his picture with speaker boehner. but look, the important thing as you say is to get everybody together. now, the president's plan is very clear. he spells out exactly how he's going to get the revenue and he's very detailed about the cuts. what we would like to see is a similarly detailed plan from speaker boehner. as the president said, when you look at the revenue number they propose, for example, they don't tell you how they do the math. so in addition to being not...